EVRD: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EVRD
Largest movements
- Receivables within one year +€11,593
up €11,593 (+68.5%), from €16,928 to €28,521
of which Trade receivables: +€7,646
- Tangible fixed assets -€3,147
down €3,147 (-37.1%), from €8,493 to €5,346
of which Furniture and vehicles: -€2,790
- Deferred charges and accrued income -€3,050
down €3,050 (-34.5%), from €8,850 to €5,801
- Stocks and contracts +€1,654
up €1,654 (+19.2%), from €8,591 to €10,244
- Intangible fixed assets +€838
new in 2025: €838
- Trade debts +€4,570
up €4,570 (+149%), from €3,068 to €7,638
- Profit (loss) carried forward +€2,166
up €2,166 (+61.6%), from €3,516 to €5,682
- Debts after one year -€1,247
down €1,247 (-11.0%), from €11,346 to €10,099
of which Financial debts: -€1,247
- Short-term financial debts +€834
up €834 (+289%), from €288 to €1,122
- Gross operating margin +€10,584
up €10,584, from -€675 to €9,909
- Taxes +€1,091
up €1,091 (+328%), from €332 to €1,423
- Staff costs -€818
no longer reported in 2025 (was €818)
- Financial charges -€239
down €239 (-13.9%), from €1,718 to €1,479
of which Non-recurring financial charges: -€128
- Depreciation +€212
up €212 (+5.6%), from €3,783 to €3,996
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,755 | €54,357 | +€6,602 | +13.8% |
| Formation expenses | 20 | €487 | - | -€487 | |
| Fixed assets | 21/28 | €8,786 | €6,477 | -€2,309 | -26.3% |
| Intangible fixed assets | 21 | - | €838 | +€838 | |
| Tangible fixed assets | 22/27 | €8,493 | €5,346 | -€3,147 | -37.1% |
| Plant, machinery and equipment | 23 | €1,008 | €651 | -€357 | -35.4% |
| Furniture and vehicles | 24 | €7,485 | €4,694 | -€2,790 | -37.3% |
| Financial fixed assets | 28 | €293 | €293 | = | 0.0% |
| Current assets | 29/58 | €38,482 | €47,880 | +€9,398 | +24.4% |
| Stocks and contracts in progress | 3 | €8,591 | €10,244 | +€1,654 | +19.2% |
| Stocks | 30/36 | €8,591 | €10,244 | +€1,654 | +19.2% |
| Amounts receivable within one year | 40/41 | €16,928 | €28,521 | +€11,593 | +68.5% |
| Trade receivables | 40 | €8,455 | €16,101 | +€7,646 | +90.4% |
| Other amounts receivable | 41 | €8,473 | €12,420 | +€3,947 | +46.6% |
| Cash at bank and in hand | 54/58 | €4,114 | €3,314 | -€800 | -19.4% |
| Deferred charges and accrued income | 490/1 | €8,850 | €5,801 | -€3,050 | -34.5% |
| Total equity and liabilities | 10/49 | €47,755 | €54,357 | +€6,602 | +13.8% |
| Equity | 10/15 | €31,776 | €33,942 | +€2,166 | +6.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,516 | €5,682 | +€2,166 | +61.6% |
| Amounts payable | 17/49 | €15,980 | €20,416 | +€4,436 | +27.8% |
| Amounts payable after more than one year | 17 | €11,346 | €10,099 | -€1,247 | -11.0% |
| Financial debts | 170/4 | €1,346 | €99 | -€1,247 | -92.7% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,634 | €10,317 | +€5,683 | +123% |
| Current portion of amounts payable after more than one year | 42 | €1,018 | €1,157 | +€139 | +13.7% |
| Financial debts | 43 | €288 | €1,122 | +€834 | +289% |
| Other loans | 439 | €288 | €1,122 | +€834 | +289% |
| Trade debts | 44 | €3,068 | €7,638 | +€4,570 | +149% |
| Suppliers | 440/4 | €3,068 | €7,638 | +€4,570 | +149% |
| Taxes, remuneration and social security | 45 | €259 | €400 | +€141 | +54.3% |
| Taxes | 450/3 | €259 | €400 | +€141 | +54.3% |
| Remuneration, social security and pensions | 62 | €818 | - | -€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,783 | €3,996 | +€212 | +5.6% |
| Other operating charges | 640/8 | €1,088 | €1,279 | +€190 | +17.5% |
| Gross operating margin | 9900 | -€675 | €9,909 | +€10,584 | |
| Operating profit (loss) | 9901 | -€6,365 | €4,635 | +€10,999 | |
| Financial income | 75/76B | €291 | €433 | +€142 | +48.9% |
| Recurring financial income | 75 | €291 | €433 | +€142 | +48.9% |
| Financial charges | 65/66B | €1,718 | €1,479 | -€239 | -13.9% |
| Recurring financial charges | 65 | €1,589 | €1,479 | -€111 | -7.0% |
| Non-recurring financial charges | 66B | €128 | - | -€128 | |
| Profit (loss) for the period before taxes | 9903 | -€7,792 | €3,589 | +€11,381 | |
| Income taxes | 67/77 | €332 | €1,423 | +€1,091 | +328% |
| Profit (loss) for the period | 9904 | -€8,124 | €2,166 | +€10,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,124 | €2,166 | +€10,290 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.